The AshFX System - Version II

AlanT58 · #**1491** (**permalink**) 08-07-2009, 06:12

hello yen44x

No i'm using the daily. i made a mistake and took the trade without checking what TF i was on.

cheers al.

Neo · #**1492** (**permalink**) 08-07-2009, 06:50

Quote:

Originally Posted by AlanT58

I have also read about closing part of your profitable trade.
Would someone kindly instruct me how take part of the profit...

It's actually very easy to do. Take a look at post #1398, I pretty much lay out the steps to closing part of a trade: http://forexmoments.com/forums/3418-post1398.html

Best Regards

AlanT58 · #**1493** (**permalink**) 08-07-2009, 16:06

Quote:

Originally Posted by Neo

It's actually very easy to do. Take a look at post #1398, I pretty much lay out the steps to closing part of a trade: http://forexmoments.com/forums/3418-post1398.html

Best Regards

Clear as mud. lol
So i'm guessing that you cant cut a .01 lot size in half then?
Fair enough i'll just have to take bigger trades then wont I.

OK Thanks for that NEO.

cheers Al.

geppyme · #**1494** (**permalink**) 08-07-2009, 22:18

Quote:

Originally Posted by AlanT58

Clear as mud. lol
So i'm guessing that you cant cut a .01 lot size in half then?
Fair enough i'll just have to take bigger trades then wont I.

OK Thanks for that NEO.

cheers Al.

MT4 brokers don't allow 0.005 lots. Shame i know!

AlanT58 · #**1495** (**permalink**) 09-07-2009, 04:34

Hello everyone,

I have a small issue regarding Pivot points and S/R in that i have 3 different indicators which display different readings for Pivot point and S/R levels.
I would like to know how critical if at all the PP & S/R levels are while trading the AshFXv2 system.
Is there a known standard at all, or do we draw our own levels
I have attached the 3 files below.

Any Help would be appreciated
Thanks in advance.

cheers al.

dolphin · #**1496** (**permalink**) 09-07-2009, 14:07

I took this long in H4!

AlanT58 · #**1497** (**permalink**) 09-07-2009, 16:47

I am 1 happy newbie.

I got what seemed like a valid buy signal from Ashs' system using Swingmans' indicators for the GBPAUD and took 2 trades which finished in profit, which increased my little account by 10%.

I took 2 x long .02 lot size trades.
My reason being i missed the opening of the 2nd candle by 15 minutes and missed 50 pips by the time i got in on the trade @ 2.06555.
Then after watching for a while the price dropped lower and i made an impulse call and went long again with the 2nd .02 lot @ 2.06060 as the signals were still good. Luckily it turned out the pips came my way.
I am using the IBFX Weekly Pivots and set my TP at the R1 level of 2.0795, where i see some earlier resistance.
I moved the SL to BE, then set a trailing stop of 26pips on both trades.
So in having set a TS i probably missed more pips (still learning) due to the TS triggering @2.07315.
Still it all adds up to 200pips profit, which i wouldn't have without the help and advice i have learnt here on this forum.

So again MANY THANKS to all the team for their input and encouragement for us newbies.
More PIPS to ALL

Cheers Al.

costard · #**1498** (**permalink**) 12-07-2009, 14:37

Quote:

Originally Posted by AlanT58

Hello everyone,

I have a small issue regarding Pivot points and S/R in that i have 3 different indicators which display different readings for Pivot point and S/R levels.
I would like to know how critical if at all the PP & S/R levels are while trading the AshFXv2 system.
Is there a known standard at all, or do we draw our own levels
I have attached the 3 files below.

Any Help would be appreciated
Thanks in advance.

cheers al.

Sorry this isn't an answer... I just wanted you say I am confused about this too!

Neo · #**1499** (**permalink**) 13-07-2009, 03:32

I'm no expert at this, but I've been using mainly 1 indicator with the AshFX system for S/R and it seems to be pretty trustworthy...I also think a lot of users of this system use it (as you can see it in a lot of the screenshots people upload). It's called "Fractal Support and Resistance", I'll attach a copy of it here.

Kind Regards

AlanT58 · #**1500** (**permalink**) 13-07-2009, 16:27

Quote:

Originally Posted by Neo

I'm no expert at this, but I've been using mainly 1 indicator with the AshFX system for S/R and it seems to be pretty trustworthy...I also think a lot of users of this system use it (as you can see it in a lot of the screenshots people upload). It's called "Fractal Support and Resistance", I'll attach a copy of it here.

Kind Regards

Thanks Neo i'll give it a go

cheers al.